The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1887-12-15
STOCK SPECULATION.
Sketches OF Sonle Men Well known ip
Wall Street.

| From the time that the goid-room
was on the corner of Exchange place
and William street, writes Ben II.
Wright, Fl. X. Enos has been promi.
nent operator in Wall street. In fact,
| there are few men who are better
| known there; but his positive convic-
| tiOnS and his extreme manner of as
| serting them have at times, cost him a
good many friends. What Mr.. Enos
believes in regard to the market he
knows, and woe betide the man who
thinks different. Still. he has been un-
| usually successful, and at one time had
such close relations with Mr.. Wander
| bilt that he found it advantageous tc
establish a branch Office in the vicinity
of the New York Central depot in
Forty-second street.
A little incident which occurred dur.
ing the life of Mr.. Vanderbilt, when
he was actively interested in Wall
street operations, and when his branch
Office was proGting by his orders, will
| illustrate the secrecy which speculation
in stocks is conducted. A private
wire extended from the inner office OF
| Mr.. Vanderbilt to that of his broker,
with an operator at each end. Natur-
ally the character of the dispatches re-
ceived by the brokers operator ex-
cited intense interest, and he was ex-
| tremely curious to discover from
| whom they emanated. During a
| lull in business, the brokers' operator
tele9raphed to his correspondent al
the other end of the line: "Who the
devil are you, anyway" The reply
came back very promptly: "Ask your
employer" and probably to this day
the poor fellow is in ignorance of the
source of the numerous orders which
be received for his employer to pur-
| chase and sell stocks.
1t would be difficult to conceive two
natures more diametrically opposite
| than those of Mr.. Enos and the
partner who has been associated with
him during the most of the past twenty
years. Mr.. Buck is never aggressive,
nor does he permit himself to become
! excited over any possible condition OF
the market. In fact, as compared
with Mr.. Enos, he is gentleness per-
sonliled. He is the balance wheel which
regulates the machinery of the office,
and MS cool Judgment and concise
analysis are far superior to those of his
senior.
A little man with white hair, but
firm step and erect figure, is always to
be found during business hours at what
| is known as the upper end of the stock
exchange. He is Familiarity known as
"Charley"-Charley Clark. He is
still one of ''the boys" and is as close
ly devoted to his business as any mem
Der of the board Mr.. Clark was born
in Massachusetts in 1898, he went to
Charleston, 5. c., and embarked IN
business in 1926, remained there for
ten years. Coming to New York, he
joined the stock-exchange in 1886, and
with the exception of one man, he is
the oldest member OF the exchange.
Mr.. Clark paid $3.50 for his member
ship, and, during the fifty-one years of
his service as stock-broker, he has
nee been absent from his business more
than six months altogether on account
of either pleasure or sickness. Prompt
ly in the morning as the hand of the
clock points to $50 Mr.. Clark takes his
place in the Erie crowd, where he
makes speciality of dealing in odd
lots, when nothing better offers, and
where he is always on the alert for any
stray orders that may chance to come
his way. His hearing is still so good
that he often declares he can even hear
a man thinking of giving him an order
before he gets the order either to pur-
chase or sell stocks. He is full of
quaint humor and enjoys good story
as well as anybody.
Tho ittlo Iro1-o,,
hesitates to remind fellow-broker, in
dull market, that he is always on
hand to execute any orders in case his
associate may not have time to remain
in the crowd. LET every man skin
his own eel" is a favorite motto, by
which he seeks to imply that ne does
not wish to divide his transactions
with others. He is always bear, if
he has anything to buy, and bull
with the greatest confidence in higher
prices, if he happens to have an order
to sell stocks.
At the time that the question was dis
cussed of establishing a gratuity fund
for the benefit of the heirs of members
OF the exchange, which gratuity fund
now represents a considera bic portion
pA VIC dilC VI d Scab OH Ltle N CIV OK
stock exchange, the plan was violently
opposed by number of the younger
members on the ground that it was
gotten up for the benefit of "old fossils
like Charlie Clark" In recent years
he enjoys alluding to the insurance
clause of the constitution, and has
been frequently heard to remark that
he had buried nearly all his colleagues
VINO were living at that time and that
he would soon issue invitations for the
celebration of his centennial birthday to
any members of the exchange that
might then be left.
Mr.. Clark is faithful attendant at
church, and on one occasion, W hen the
minister happened in his sermon to
make use OF the expression, ''odd
lots" he unconsciously sprang to his
feet and exclaimed: Here you are.
What do you want to doP"
When asked why he did not retire
from business in favor of his son,
who is now so years of age, he was
prompt with the reply that he would
never trust his boy among those Wall
street sharks. The pages of the ex-
change are always very attractive to
him, anticipating his wants from the
time that he enters the. board until
his departure at the sound of the
gong.
| found Uncle" Rufus Hatch, and
Emanual Hart, who was for almost
century prominent in New York
politics and finance, engaged in
pleasant chat on Broadway the otbor
day. They had not met befcre fo,. .
long time, and they We're recalling
some of the remip; SCIENCES of tho nasi
Mhen tney .ere among '.the BOYS" on
Tue sir.ck-exchange. Uncle Rufus said
.hat forty years ago he was fireman
on locomotive in Maine, when rail-
road building was in its infancy, and
when you could have picked up the
locomotive and carried it under your
arm, so small was it as compared with
those which now traverse our great
iron highways. Mr. Hatch went from
Maine to what is now a part of the